Ghana is on track to exit the almost $1.0bn bailout from the IMF by end of this year and hopes never to require a bailout again. Now, this is a country looking forward to an 'Africa Beyond Aid'!
There are very few politicians in the world who are true to their word and practise what they preach; Ghana's president, Nana Akufo-Addo, is one of the few.
There may be many areas where the president has been criticized, but his determination towards a Ghana (and Africa) free from foreign influence and independent of foreign aid is never in doubt.
The champion of 'Africa Beyond Aid' - Nana Akufo-Addo practises what he preaches and his administration is on track to achieve a feat rarely seen in Africa. The country is set to exit its almost $1 billion bailout programme with the International Monetary Fund (IMF) by the end of the 2018.
Ghana's Minister of Finance, Ken Ofori-Atta made the announcement last week during a speech to the parliament while presenting the country's budget proposal for 2019.
"We are now on course to exit the IMF programme by the end of this year.
"We are grateful to the IMF and are determined to maintain a combination of economic discipline and vibrancy that will ensure that we will not have to be rescued in that manner in the future."
The minister also added that the country is on course to achieve the fiscal deficit target of 3.7% of GDP for the year, in a bid to convince investors of its commitment to uphold sound economic policies.
He said the Gross Domestic Product will be expanded to 5.6% by the end of 2018 and further rise to 7.6% in 2019.
During his campaign, President Nana Akufo-Addo always spoke of the need for the West African country to free itself from the IMF bailout which his predecessor John Dramani Mahama acquired three years ago. Akufo-Addo has kept to his words of reducing Ghana's debt to the possible minimum since coming into power.
There is little doubt that this is a right step in the right direction for not just Ghana but Africa in general.
You will agree that loans and foreign aids are major hooks that continue to keep Africa enslaved.
African leaders must increase their commitments towards achieving an Africa beyond Aid if the continent is to achieve tangible development.
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